How to Start Forex Trading
What are the financial markets?
Financial markets are global platforms where mobilisation of capital takes place and some market assets are exchanged for others. The Forex market, where currency pairs are traded, is the most popular example of a financial market.
Individuals who participate in trading on financial markets to their own advantage are called traders.
On this page, you will learn the basics for starting to trade, and what knowledge is required for making your own investment portfolio and creating a unique trading strategy.
What does a trader do?
The trader’s goal is to predict changes in the price of their chosen asset and make a transaction at the right time. To do this, requires learning the different factors that may influence trends, knowing how to analyze the market environment, and a lot of practice.
Get started for trading online
To start forex trading with ShoreLiteTrades, you will have to create your Members area space and sign up. Thereafter, you can open a trading account suitable for your purposes.
Open Account More detailed instructions on how to open an accountWhat instrument to invest in?
ShoreLiteTrades clients have reliable access to a wide range of the most popular assets, such as Forex, Cryptocurrencies and Stocks – in total more than 12,000 trading instruments. You can choose a more attractive asset (stock trading or forex trading), or diversify your portfolio by investing money in several different assets (foreign exchange, index funds, individual stocks, etc).
More about assetsHow much money do I need to invest to start trading?
To start trading at ShoreLiteTrades, you have to deposit the minimum sum of 100 USD / 100 EUR into your account.
Deposit FundsCongratulations! Your order has been opened!
You will now have to monitor changes in the traded instrument rate and then close the order based on your trading strategy.
What is a trading strategy?
A trading strategy is a set of rules developed by a trader for managing their trading operations. Every investor creates their own tactics by defining the most suitable methods of analysis (fundamental or technical) and duration of orders (short-, mid-, or long-term), and applying additional tools (trading signals, automated strategies).
Start Trading